Cheap Apartments for Rent in the Lexington Terrace Neighborhood of Baltimore, MD from $400 (291 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lexington Terrace area of Baltimore.

property at 2501 Linden Ave

2501 Linden Ave

BaltimoreMD21217

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 2572 McCulloh St

2572 McCulloh St

BaltimoreMD21217

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Lexington Terrace, Baltimore, MD Local Guide

Cheapest Available Lexington Terrace Apartments for Rent

 

The cheapest available apartment rental in the Lexington Terrace area of Baltimore, MD is a 1 Bed unit found at Penn Square priced from $600. Avon has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Lexington Terrace apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Penn Square1 bdr1BR,1BA$600
Avon1 Beds, 1 Baths1BR,1BA$850
Vivo Living BaltimoreThe Petite StudioStudio,1BA$894
1018 N Calvert StStudioStudio,1BA$900
1017 Saint Paul St0 Beds, 1 BathsStudio,1BA$900
22 LightOne Bedroom1BR,1BA$915
Saint Paul RegencyStudio apartmentStudio,1BA$925
Printers Square Apartments1 Bedroom1BR,1BA$933

Best Value Apartments for Rent in Lexington Terrace, MD

As of September 21, 2025 the best value apartment in the Lexington Terrace area is the $1.06 price per square foot Unit 6 Model at 407 N Charles St in the in the Inner Harbor neighborhood starting from $2,200. The second greatest value Lexington Terrace apartment is the 2 bedroom, 2.5 bathroom Model at 1118 S Charles St starting at $2,100 with a $1.05 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Lexington Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
407 N Charles StUnit 64BR,3.5BA$1.06
1118 S Charles St2 bedroom, 2.5 bathroom2BR,2.5BA$1.05
800 E North Ave, Unit B800 E North Ave3BR,1BA$1.03
Prosper On FayetteThe Belvedere4BR,4BA$0.88
Calvert Property1BR/1.0BA1BR,1BA$1.00
Renaissance at Reservoir HillTwo Bedrooms One Bath2BR,1BA$0.81
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
1720 McCulloh St, Unit 41720 McCulloh St1BR,1BA$0.85
Penn Square2 bdr2BR,1BA$0.80
816 E Baltimore St, Unit 2816 E Baltimore StStudio ,1BA$1.06

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lifestyle Ratings

This website is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Lexington Terrace, Baltimore, and the greater Baltimore area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Getting Around the Lexington Terrace Neighborhood in Baltimore, MD

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

73 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

99 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lexington Terrace Apartments

What is a cheap apartment in Lexington Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lexington Terrace is under $933.

What is the price of a cheap apartment in Lexington Terrace?

The cheapest apartment in Lexington Terrace is Penn Square which is listed at $600, while the average apartment in Lexington Terrace costs $2,450.

What types of apartments are the cheapest in Lexington Terrace?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 277 regular apartments in Lexington Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lexington Terrace?

Cheap apartments in Lexington Terrace have an average cost of $540 which is $1,910 cheaper than the average rent for all rentals in Lexington Terrace.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sarah Bregel

There are few cities more eclectic and diverse than Baltimore, Maryland. I should know. I've lived in various parts of Baltimore for most of my life.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.